§ 58-43-1. Performance of contracts as to devices not prohibited. - North Carolina Statutes

Article43

General Regulations ofBusiness‑Fire Insurance.

§ 58‑43‑1. Performance of contracts as to devices not prohibited.

Nothing contained in Articles1 through 64 of this Chapter shall be construed as prohibiting the performanceof any contract hereafter made for the introduction or installation ofautomatic sprinklers or other betterments or improvements for reducing the riskby fire or water on any property located in this State, and containingprovisions for obtaining insurance against loss or damage by fire or water, fora specified time at a fixed rate; provided, every policy issued under suchcontract shall be as provided by law. (1929, c. 145, s. 1.)